Chennai: Tamil Nadu Finance Minister D. Jayakumar on Thursday presented a tax free but a revenue deficit budget for fiscal 2017-18. This is the first budget of the government headed by Chief Minister K. Palaniswami.
Presenting his first budget, Jayakumar said the total revenue receipts was projected at Rs 159,363 crore and the revenue expenditure was projected at Rs 175,293 crore, leaving a revenue deficit of Rs 15,930 crore.
Jayakumar said the state government will replace the State Planning Commission with the…
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